6 Easy Free Credit Repair Tips Everyone Needs to Do Now
Ever wondered how to fix your credit and have a high credit score? Is there an easy way to do free credit repair? YES!
So, I blog about freebies, but I write about money and financial education. Sounds boring, right? Yeah… Maybe.
But, did you know that being smart about money takes more than just knowing how to save money when you buy stuff? It takes real, financial savvy to actually get to a point where you’re comfortable and don’t have to worry about money. That is my ultimate goal.
Don’t get me wrong. I’m not money hungry. I’d rather not have to think about it at all. Truth is, I’ve struggled. I’ve been completely broke. One time I literally lived on a bag of potatoes for the week because my bank account was negative and I had no money. None. I ate baked potatoes. But, at least I ate.
At that point in my life, I thought about money all the time. Because I didn’t have any. Makes me kind of an expert on money – because I went from not having any to having plenty.
How to FREE Credit Repair DIY
So, how can you repair your credit? It’s easy! How did I go from being dead broke to having enough cash on hand? I started by cleaning up my credit.
See, the old adage, “It takes money to make money” is kind of true. You have to spend within your limits and try to control your spending rather than going into debt. Then, if you do need to borrow for something and have good credit, you’re going to save a LOT. And, I do mean a lot.
For example, when I bought my first new car 25 years ago, I had terrible credit. The interest rate on my car loan back then was nearly 24%! Yes, that says Twenty-Four Percent! At that time they had all these super low, zero percent offers but only for those with exceptional credit. Over the life of the 5-year loan, paying 24% interest equals a total of $14,521.56 in interest. Whereas, paying 2.4% interest equals only $1,243.96 total interest! That’s a difference of more than $13,000 just because you have a low credit score. And, for comparison, imagine actually taking the time to save the money up front until you had enough to buy the car outright, and you would save that $1,244 too! There’s no interest when you are paying cash!
1. Get a Free Credit Report and Score
First, learn how to get your free credit report. Not sure if you have any credit? Or, if it’s good or bad? Go here and get your FREE credit report. Not trying to brag, but mine’s in the 800s. It used to be in the 500s. I wrote more about that here. Second, if there’s anything negative reported on your credit, start writing!
2. Write Credit Repair Letters
It may sound weird, but you need to ask your creditors to repair your credit. Before you start looking for a credit repair letters PDF or credit repair software, consider this. Credit bureaus get thousands of credit repair letters every day. They actually scan them automatically to detect form letters, and ignore them! It’s much better to write original credit repair letters in your own words to get results.
The easiest way to send Credit Repair Letters is using the credit bureaus’ own websites.
- File Dispute Online
- Phone: 1 (800) 864-2978
- Mail –
Equifax Information Services LLC
P.O. Box 740256
Atlanta, GA 30374
- File Dispute Online
- Phone: 1 (888) 397-3742
- Mail –
P.O. Box 4500
Allen, TX 75013
- File Dispute Online
- Phone: 1 (800) 916-8800
- Mail –
Consumer Dispute Center
P.O. Box 2000
Chester, PA 19016
3. Repair Your Credit Report
I started by paying attention to my Credit Report and taking care of my business. Now, that doesn’t just mean paying your bills on time (although that is also very important!) That means having credit monitoring with a Free Credit Report, so if someone tries to steal your identity you can do something about it. You can learn how to get a free credit report and monitor or clean up your credit, here.
Then, I paid off everything I owed. Sounds crazy right? It’s actually not that hard to do. It takes discipline and time. Oh, and yes it takes money. But, how much do you waste on stuff you don’t need? How did you get into debt in the first place?
5. Ultimate Way to Repair Credit: Become Debt Free
I became debt free. Starting with the biggest account I owed on, and using my Free Credit Report, I paid as much as I could, whenever I could. No, I did not make the minimum payment, I always paid more. That means making sacrifices, I’m not gonna lie! I also stopped spending money! Do you really need another pair of shoes? Or, could you use that cash to pay off a debt? It is an amazing feeling to be debt free.
How to have Good Credit without Cheaping Out?
How did I “go without?” I decided to pick one thing to spoil myself, and I committed to only do it very infrequently. My thing is Coach purses. So, I buy Coach bags – usually one per year. But make no mistake, I buy them second-hand – usually on Poshmark. (Grab a free $10 credit in this link.)
Actually, I even found one at a garage sale for $5! I’ve also shopped Coach Outlet many times. I’ve never paid full price. And I don’t do it often. They’re beautiful, and I love that I can spoil myself with one thing – especially knowing I got a steal of a deal. That doesn’t mean buying a $500 Coach bag every other month. It means I spoiled myself rarely – maybe once a year – on something valuable that I got a very good deal on. Everything else, I put off. I don’t need more designer clothes, shoes, or a new car.
6. Stay safe online with freeBfinder’s Big List of Fake Freebies to Avoid!
We are the home of the freeBfinder’s Big List of Fake Freebies to Avoid. We research all samples before we share them to keep you safe online. You may not realize it, but scammers and spammers are notorious for posting fake offers. There are lots of reasons why people post fake freebies, but usually, it is about money. They build up a website or Facebook fan page and then sell it for profit. Or, they take your info submitted in their alleged freebie form and sell it to Spammers.